In a press release posted on the Wendy's main website about a week ago, the Wendy's corporation is trying to buy back some of its shares and store them in a treasury for corporate reasons in the future.
"DUBLIN, Ohio (February 20, 2007) – As part of its plan to return capital to shareholders, Wendy’s International, Inc. (NYSE: WEN) today announced that it has entered into an agreement to purchase up to $300 million of its common shares from a broker-dealer in an accelerated share repurchase (ASR) transaction. The common shares purchased will be placed into treasury to be used for general corporate purposes."
“The ASR enables us to utilize our strong balance sheet to return capital to shareholders in an efficient manner,” said Chief Executive Officer and President Kerrii Anderson. “We are confident our Wendy’s business will continue to produce improving results and generate positive cash flow as we execute our strategic plan, revitalize the Wendy’s brand and improve restaurant operations across the entire system.”
This sounds like good news to the shareholders of Wendy's, i am not one of those, so I don't care as much. I just wanna keep eating spicy chicken #6. for the full press release you can read at http://www.wendys-invest.com/ne/wen022007asr.php
Tuesday, February 27, 2007
Sunday, February 18, 2007
financial thnigs and stuff
so, wendy's has just released numbers for projected earnings over the next few years. its looking like the company is doing very well, to go along with my previous statements about it being the best fast-food chain on earth. they back up their delicious artery clogging food all the way to the bank.
"The Company reaffirmed its previously issued estimate of $330 to $340 million in earnings before interest, taxes, depreciation and amortization (EBITDA) in 2007. The Company also said it expects to generate EBITDA of $390 to $410 million in 2008 due to improvements resulting from its initiatives related to its comprehensive strategic plan, “Quality-Driven: Wendy’s Recipe for Success,” which emphasizes the Company’s outstanding hamburger brand and quality position in QSR. In 2009, the Company is projecting EBITDA of $425 to $460 million. On February 2, the Company announced that its 2006 adjusted EBITDA from continuing operations was $220.7 million."
i'm not sure what all these numbers mean, but they're big, so it's a good sign for Wendy's. here are a few things Wendy's is trying to accomplish through 2007:
"The Company reaffirmed its previously issued estimate of $330 to $340 million in earnings before interest, taxes, depreciation and amortization (EBITDA) in 2007. The Company also said it expects to generate EBITDA of $390 to $410 million in 2008 due to improvements resulting from its initiatives related to its comprehensive strategic plan, “Quality-Driven: Wendy’s Recipe for Success,” which emphasizes the Company’s outstanding hamburger brand and quality position in QSR. In 2009, the Company is projecting EBITDA of $425 to $460 million. On February 2, the Company announced that its 2006 adjusted EBITDA from continuing operations was $220.7 million."
i'm not sure what all these numbers mean, but they're big, so it's a good sign for Wendy's. here are a few things Wendy's is trying to accomplish through 2007:
>Revitalize Wendy’s brand – The Company has re-established its brand essence, “Quality Made Fresh,” centered on Wendy’s core strength, its hamburger business.
>Streamline and improve operations – Wendy’s believes it can significantly improve operations attributes such as Order Accuracy, Friendliness, Cleanliness, and Speed of Service, clearly positioning the Company as the best operator in QSR and resulting in significantly improved store-level profits.
>Reclaim innovation leadership – The Company expects to introduce more than 10 new products during 2007, including exciting sandwiches and salads, as well as beverages that are unique to Wendy’s.
>Strengthen franchisee commitments – Management is focused on driving sales and improving profitability across the entire system and is providing incentives to franchisees to re-invest in existing restaurants. Capture new opportunities – Wendy’s will seek to drive growth beyond its existing business, including expanding its breakfast program to 20% to 30% of its system in 2007 and more than half the system in 2008.
>Embrace a performance-driven culture – Wendy’s has redesigned its incentive compensation plan by creating a more direct link between Company performance and individual pay.
more information can be found at www.wendys-invest.com. until then keep enjoying Wendy's!!
Monday, February 12, 2007
Wendy's: The Beginning
This “blog” will be about the wonderful Wendy’s corporation. I have chosen to “blog” about Wendy’s because it is probably the best fast-food chain in the universe. As a small child growing up in a crappy Massachusetts town, there was no Wendy’s in my area. This deprivation of such things as the #6 spicy chicken, or the dollar menu Frosty has scared my childhood, and I may never fully recover for the rest of my life.
Wendy’s seems to stand for good ole’ American fast food. The red and yellow colors are always a welcoming sign. They have been offering quality salads and other items far longer than, the fast food giants, McDonalds and Burger King have. When people think Wendy’s they think, Dave Thomas. He always stood for good food fast and at a reasonable price.
I have never heard a bad thing about the Wendy’s corporation. Not a single consumer I have ever talked to dislikes the food. I have even introduced Wendy’s to a former McDonald’s fan, and after one classic single, she had switched alliances.
Lately, Wendy’s has been pushing the healthier food campaign. They have introduced new salads, as well as different sides such as oranges or milk, for kid’s meals. These TV ads have been productive but can get lost in the noise of TV commercials. Wendy’s does not stand out as much as the burger king “the king” campaign, or McDonald’s “golden arches, or even Sonic’s strategy on continuous advertising. All the competition in the fast food market, it becomes a challenge to stand out. Wendy’s has always been a customer favorite, and always will. I mean who can pass up chicken nuggets and a frosty for only two dollars.
Wendy’s seems to stand for good ole’ American fast food. The red and yellow colors are always a welcoming sign. They have been offering quality salads and other items far longer than, the fast food giants, McDonalds and Burger King have. When people think Wendy’s they think, Dave Thomas. He always stood for good food fast and at a reasonable price.
I have never heard a bad thing about the Wendy’s corporation. Not a single consumer I have ever talked to dislikes the food. I have even introduced Wendy’s to a former McDonald’s fan, and after one classic single, she had switched alliances.
Lately, Wendy’s has been pushing the healthier food campaign. They have introduced new salads, as well as different sides such as oranges or milk, for kid’s meals. These TV ads have been productive but can get lost in the noise of TV commercials. Wendy’s does not stand out as much as the burger king “the king” campaign, or McDonald’s “golden arches, or even Sonic’s strategy on continuous advertising. All the competition in the fast food market, it becomes a challenge to stand out. Wendy’s has always been a customer favorite, and always will. I mean who can pass up chicken nuggets and a frosty for only two dollars.
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